While the legal market is never short of speculation about the next potential merger, last month saw news of an eye-catching deal bringing two parties from very different markets together with a fresh approach.
In the offshore world as elsewhere, tough economic conditions made 2022-23 a rough year. ‘With uncertainty in the global markets, high inflation, and high interest rates, there was a lack of certainty in some corporate areas where companies didn’t necessarily want to deploy their capital,’ says Bedell Cristin group managing partner Tim Pearce. Appleby group …
Continue reading “On sure footing – offshore leaders see reasons for optimism”
Fifteen years of Legal 500 data offers big-picture view of Stateside elite’s relentless advance into London private equity arena Of all the London legal markets to have been upended by competition from across the pond, private equity offers perhaps the strongest evidence of how US firms have made their mark in the City.
Burges Salmon has reported record financial results, with a 27% increase in revenue to £163m, up from last year’s £128.2m. Profit per equity partner (PEP) surged by 42%, rising from £466,000 to £661,000, marking a significant turnaround from last year’s nearly 10% dip. Meanwhile, net profit climbed 46%, from £34.6m to £50.5m. ‘These results demonstrate …
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‘The industry has changed massively. When we started, we were working with single product mid-cap PE shops, and these have now developed into mega solo funds, handling tens of billions of dollars. We’re now working with listed clients and multi-product funds that not only have a PE business, but a credit and an infrastructure business,’ …
Continue reading “Elite: The rise of the in-house lawyer in private capital”
‘No-one should be under any illusion that the hours are fewer, or the work less demanding. You don’t have the luxury of working on just one thing; you’re juggling multiple deals, multiple fund formations and perhaps litigation,’ says Carlyle partner, chief risk officer, head of EMEA and global general counsel (GC) for Investments Heather Mitchell …
What does it take to run the legal team in one of the most profitable deal shops in the world? After months of discussions with private equity and leveraged finance partners at the leading law firms in London as well as a host of in-house lawyers, Legal Business has come up with the definitive list …
Continue reading “The Private Equity Elite: the top general counsel in PE”
‘Challenging market conditions’ – a quick search of the LB news archives finds that phrase, or some variation of it, coming up time and time again over the years. But while the legal industry has faced many challenges since the turn of the century, from the global financial crisis to Brexit, Covid and beyond, the …
Continue reading “Rising to the challenge – tough market rewards for firms with clearest focus”
Andrew Stevens – General counsel, Inflexion Year of qualification: 2010 Slaughter and May, 2008-13 Och-Ziff Capital Management, 2014-16 HPS Investment Partners, 2017 Inflexion, 2017-present Within law, the transactional side felt like the natural destination for me and, within that, PE always stood out.
